US man­u­fac­tur­ing sec­tor ex­pands

China Daily (USA) - - BUSINESS -

US man­u­fac­tur­ing ac­tiv­ity con­tin­ued its ex­pan­sion in Oc­to­ber, while new or­ders saw eas­ing growth mo­men­tum in the month. The man­u­fac­tur­ing in­dex, also known as the pur­chas­ing man­agers in­dex, reg­is­tered 51.9, an in­crease of 0.4 points from Septem­ber’s read­ing of 51.5, the In­sti­tute for Sup­ply Man­age­ment said in a re­port on Tues­day. A read­ing above 50 in­di­cates the sec­tor is gen­er­ally ex­pand­ing, while a read­ing below that level in­di­cates con­trac­tion.

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